Do you assign leases to lender?

[Albert D.]

When financing a 8-unit apt, bank asked owner to assign leases as additional security on top of the property itself. Is it normal in apt financing or negotiable? Meaning, property alone should be sufficient collateral for bank loan and no need to assign leases and rent to bank as additional security. Anyone has any success in fending off the rent assignment with bank/lender? Look forward to your comments. Thanks a lot.